Morgan Dempsey Capital Management LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,863 shares of the business services provider’s stock after purchasing an additional 654 shares during the quarter. Waste Management accounts for approximately 3.2% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 2nd biggest position. Morgan Dempsey Capital Management LLC’s holdings in Waste Management were worth $8,091,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA increased its position in shares of Waste Management by 1.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock worth $720,000 after purchasing an additional 100 shares in the last quarter. Welch & Forbes LLC increased its position in shares of Waste Management by 1.9% during the 1st quarter. Welch & Forbes LLC now owns 5,485 shares of the business services provider’s stock worth $570,000 after purchasing an additional 100 shares in the last quarter. Shepherd Financial Partners LLC increased its position in shares of Waste Management by 3.0% during the 1st quarter. Shepherd Financial Partners LLC now owns 3,476 shares of the business services provider’s stock worth $361,000 after purchasing an additional 102 shares in the last quarter. Hanson McClain Inc. increased its position in shares of Waste Management by 51.0% during the 1st quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock worth $31,000 after purchasing an additional 102 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Waste Management by 36.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 415 shares of the business services provider’s stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 74.16% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Waste Management in a research report on Wednesday, May 1st. They set a “sector perform” rating and a $113.00 target price for the company. Oppenheimer increased their target price on shares of Waste Management from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Argus increased their target price on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and increased their target price for the stock from $103.00 to $106.00 in a research report on Thursday, April 4th. Finally, Stifel Nicolaus upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $105.22.

Shares of NYSE:WM opened at $109.59 on Friday. Waste Management, Inc. has a 12 month low of $79.96 and a 12 month high of $109.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.66 and a current ratio of 0.69. The stock has a market cap of $46.42 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 2.96 and a beta of 0.67.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 4.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, June 6th. Waste Management’s dividend payout ratio is currently 48.81%.

In other news, EVP John J. Morris sold 42,795 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $106.38, for a total value of $4,552,532.10. Following the transaction, the executive vice president now owns 101,332 shares of the company’s stock, valued at approximately $10,779,698.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael J. Watson sold 700 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $104.55, for a total transaction of $73,185.00. Following the completion of the transaction, the vice president now directly owns 9,518 shares in the company, valued at approximately $995,106.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,811 shares of company stock worth $4,657,346. Insiders own 0.14% of the company’s stock.

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Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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